Umm Al Quwain Free Zone partners with Port City Colombo The Umm Al Quwain Free Trade Zone and Port City Colombo in Sri Lanka have signed an agreement designed to promote investment and expand business opportunities between the two markets. The partnership aims to create a structured channel for UAE-based companies looking to expand into […]
UAE–Sri Lanka Investment Corridor Gets New Boost Read More »
AI-powered logistics platform targets wider Gulf market Saudi logistics technology startup Sirdab has raised $10 million in Series A funding in a round co-led by PIF-backed Elm and BECO Capital. The company plans to use the funding to expand its warehousing and transportation network across Saudi Arabia and the wider GCC. Sirdab is also developing
Saudi Logistics Startup Sirdab Raises $10M for GCC Expansion Read More »
UAE startup expands its technology platform into the US Dubai-founded fitness technology company Enhance has raised $18.2 million through a combination of equity and venture debt. The company, founded in Dubai in 2018, plans to use the funding to accelerate its US expansion. Enhance’s platform already operates across more than 700 US clubs, supports around
Dubai-Based Fitness Tech Startup Enhance Raises $18.2M Read More »
Saudi AI giant expands beyond domestic infrastructure Saudi AI company HUMAIN is pursuing a two-track AI investment strategy that could involve a global venture fund potentially exceeding $10 billion, alongside a separate $2.5 billion vehicle focused on domestic data-centre financing. The strategy reflects Saudi Arabia’s ambition to move from being an AI infrastructure investor to
Saudi Arabia’s HUMAIN Builds $10B+ Global AI Investment Strategy Read More »
UAE economy remains resilient despite external risks S&P Global Ratings ne UAE ki long- and short-term sovereign credit ratings ko AA/A-1+ par maintain kiya hai, with a Stable outlook. The rating agency highlighted the UAE’s strong fiscal position, sovereign wealth fund assets, foreign-exchange reserves and resilient banking sector as major buffers against external shocks. S&P
UAE Retains AA Credit Rating as S&P Highlights Strong Financial Buffers Read More »